Author:
Publisher:
ISBN:
Category : Housing
Languages : en
Pages : 14

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Book Description

Author:
Publisher:
ISBN:
Category : Housing
Languages : en
Pages : 8

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Book Description

Author: U S Government Accountability Office (G
Publisher: BiblioGov
ISBN: 9781289100711
Category :
Languages : en
Pages : 46

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Book Description
Each year, the Federal Housing Administration (FHA) insures billions of dollars in multifamily housing mortgage loans to help construct, rehabilitate, purchase, and refinance apartments and health care facilities. However, the Department of Housing and Urban Development (HUD) lacks assurances that the lenders approved for the Multifamily Accelerated Processing (MAP) program always meet all of HUD's qualifications. HUD's guidance requires prospective lenders to submit documents showing that they are financially sound, have a satisfactory lending record, and have qualified underwriters. GAO found that HUD did not always comply with, or effectively implement, controls and procedures for reviewing and monitoring MAP lenders' underwriting of loans. Before issuing a loan, field staff are required to conduct and document reviews of lenders' mortgage insurance applications and associated loan exhibits to ensure compliance with HUD underwriting requirements. However, staff did not always properly document their reviews. HUD has held some lenders accountable for specific violations of program requirements but is unable to systematically identify lenders that exhibit patterns of noncompliance. To hold lenders accountable for specific violations or for patterns of noncompliance, HUD's Office of Multifamily Housing can suspend or terminate their ability to participate in the MAP program.

Author: United States. Department of Housing and Urban Development
Publisher:
ISBN:
Category : Mortgage loans
Languages : en
Pages : 36

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Book Description

Author: United States. Department of Housing and Urban Development
Publisher:
ISBN:
Category : Apartment houses
Languages : en
Pages : 12

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Book Description

Author: Brian Greul
Publisher:
ISBN: 9781954285330
Category :
Languages : en
Pages : 1036

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Book Description
The Doing Business with FHA section in this FHA Single Family Housing Policy Handbook (SF Handbook) covers Federal Housing Administration (FHA) approval and eligibility requirements for both Title I lenders and Title II Mortgagees, as well as other FHA program participants. The term "Mortgagee" is used throughout for all types of FHA approval (both Title II Mortgagees and Title I lenders) and the term "Mortgage" is used for all products (both Title II Mortgages and Title I loans), unless otherwise specified.

Author:
Publisher:
ISBN:
Category : Federal aid to housing
Languages : en
Pages : 456

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Book Description

Author: United States. Internal Revenue Service
Publisher:
ISBN:
Category : Income averaging
Languages : en
Pages : 8

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Book Description

Author:
Publisher:
ISBN:
Category : Housing
Languages : en
Pages : 268

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Book Description

Author: United States. Department of Housing and Urban Development
Publisher:
ISBN:
Category : Housing
Languages : en
Pages : 792

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Book Description